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Home›Crypto›Market Structure›Coinbase adds fixed-rate bitcoin-backed loans via Morp…

Coinbase adds fixed-rate bitcoin-backed loans via Morpho Midnight

The program lets users borrow USDC using bitcoin as collateral, with loans structured as fixed-rate through Morpho Midnight.

Reported · Written up by our desk · Market Structure

Coinbase has added fixed-rate bitcoin-backed loans through Morpho Midnight, according to The Block.

The feature is designed to let users borrow USDC against their bitcoin, using the Morpho Midnight platform to structure the loans.

The Block says the addition expands Coinbase’s lending options by introducing fixed-rate terms for the bitcoin-backed borrowing product.

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Sources

The BlockCoinbase adds fixed-rate bitcoin-backed loans through Morpho Midnight

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